THE boardroom war between Birmingham City’s new owners and previous regime has come to an end.

An out-of-court settlement has been reached between Carson Yeung and the former St Andrew’s supremos, headed by David Sullivan and David Gold.

Yeung had lodged a writ for around £7 million after claiming to have discovered a catalogue of liabilities left behind at St Andrew’s and financial mismanagement.

But the need for a messy, and potentially explosive, courtroom clash was negated after the two camps came to an agreement.

Neither party would reveal how much had gone Blues way, possibly around half of the money demanded, but Yeung will see this development as part-vindication for his troubles.

A statement, which was ratified by Sullivan, read: “Birmingham City Football Club can confirm that a settlement agreement has been reached between themselves and the previous owners for an undisclosed figure.

“The club shall cease the civil suit it had instituted and all related actions regarding this.

“As fellow members of the Premier League both parties agree that this is a good settlement to ensure our continued friendship.

“The club will make no further comment regarding this matter.”

The bad blood began after Yeung completed his £81.5 million takeover of Blues in October.

He claimed to have unearthed about £11 million in debts and his chief aide Peter Pannu headed up a thorough investigation into the club’s books and business practices by so-called ‘forensic accountants’.